Wishing you nothing but wealth and health in abundance.

With more units, bigger budgets, making it easier for the HOA to absorb (not always tho)2) having someone on the inside is key, they can share with you information as to the true health of the HOA and politics. 3) FINANCIALS - Need to see balance sheet and P&L.

The dilemma I have is that the property management company is renting one of the lower units to conduct business. 

So I have a dilemma.

Greeting everyone, We finally got a house under contract after many weeks of searching, marketing, and driving for dollars. However, we have a few questions since we are beginners in real estate. Now that we acquire a...

Thanks Nikia, if say the septic leaked, do you have liability on things like environmental damage or health issues?

- central location - Sunny days- No natural disasters or man-made for that matter- great public transportation - revitalization of Downtown and a burgeoning Arts District- terrific Airport- excellent health care options- moreIts a sellers market everywhere.

Currently, Looking for a lender that will fund both renovation on the property and acquisition is my current dilemma.  

Trying to figure out how bad small mold growth can affect tenant health and see if the cost is justifiable. 

If the issue is purely cosmetic, then hell no.....not a chance.You are supplying a livable unit for them....on the VOUCHER program....you aren't building them their dream home.Do this and prepare for the flood gates of other things they want to upgrade to make the place nicer....Unless there is a safety or health issue, they can pound sand or move somewhere else....at which time if you want to upgrade the floors and up the rent, then go for it....DO NOT DO IT....